Consultation opens on draft Minerals and Petroleum Resources

A draft
Minerals and Petroleum Resource Strategy which seeks to
support the transition to low emissions future, while
building a productive, sustainable and inclusive economy has
been released for public consultation by the Ministry of
Business, Innovation and Employment.

“The Government is working to provide
stability and certainty for the minerals and petroleum
sector in New Zealand, and the Strategy is a key step
towards achieving this.

“The Strategy sets the direction
for the sector. It provides a shared vision and principles
which can help all groups think through mineral and
petroleum resource issues. It communicates the vision the
Government has for the sector, thereby giving certainty to
industry and the wider public.

“The Strategy has been
developed with the input of Treaty partners and a range of
stakeholders, and will be used to inform a review of the
Crown Minerals Act 1991. The review of the legislation is to
ensure it is fit for purpose to meet the needs of all New
Zealanders.

“We are seeking feedback on the Strategy
from the public, Treaty partners, and other stakeholders
including industry and environmental groups on how New
Zealand can sustainably derive value from its
resources.”

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